The Myth of Silicon Valley's Banking Frontier
The failure of Silicon Valley Bank highlights the hypocrisy of tech industry leaders who demand government aid when their risky ventures fail, despite their usual disdain for government intervention. The myth of the Wild West and the frontier myth have long romanticized the idea of rugged individualism and disdain for regulation, but in reality, pioneers relied heavily on government-funded infrastructure and regulations to build settlements and maintain order. The tech industry should acknowledge the role of government support in their success and embrace their responsibilities in a civil society.